Small business loans, at least the ones issued from a corporate or even neighborhood bank, aren’t as easy to come by as they used to be. Though lending may be on the rise from 2008 when Loans For Small Businesses plummeted due to the bank and economic collapse, it remains flat. Many small businesses, particularly those that have yet to establish themselves, are not able to get these Long Term Loans the way small businesses used to a decade or so ago.
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During the 1970s, motorists waited in long lines at the pump to refill their large, gas guzzlers. Restrictions were enacted at the time to limit gas consumption because of short supply. Dependency on foreign oil and gas imports meant everyday Americans’ ability to easily and affordably refuel their vehicles was closely affected by political events and international issues. During this time, a law was enacted that banned exporting oil and gas. Factoring in the global political concerns of the day, the thinking was that Oil and Gas produced domestically should stay domestic.
Telecommunications funding has never been a cheap or low expense industry. Many years ago cable companies and those in telecommunications had to come up with telecom funding to cover the enormous costs of installing and laying down copper cable lines. Such telecommunications funding would also have to cover the costs of digging up the ground, the materials themselves, labor, payroll and local permits to pay for such endeavors.
Applying for a traditional small business loan from a corporate bank has never been an easy task. The applicant has to fill out a lengthy application, undergo a credit check, submit a business plan, and answer a myriad of other questions regarding the past, present and future plans of the business.
Many businesses sputter along in the summer making June, July and August the longest months of the year indeed to business owners and managers. Yet the stagnation of sales during those long summer months doesn’t have to be such a downer. With a little planning and proper cash flow and revenue forecasting that takes into account seasonal peaks and valleys, summertime can be a productive – and recuperative – time of year for your business and your employees.
Few businesses or industries are immune to cash flow problems from time to time. Yet industries with seasonal business cycles such as commercial landscaping and maintenance are more prone to cash flow issues than others. Equipment and materials costs, expensive payroll costs, fuel costs and competition are high. The worst part is you will probably have to pay these costs well in advance of actually collecting payment from your customers. Commercial landscaping can be very competitive and customers routinely pay on 45- or 60-day terms.
Summer time can be slow time for many businesses and industries. Yet for those in commercial landscaping sector, it can often be one of the busiest times of year. Property managers and business owners regularly seek to improve their properties’ exterior during climate weather periods. For those in the hotel, hospitality and vacation industry, landscaping and maintenance work really increases during this time. Manicured lawns and verdures are a vital component to the success of these industries and they are very well aware of it.
For some industries, particularly those in hospitality, entertainment and events, summer represents the peak season of business. Long lines at amusement parks, booked hotel rooms, and filled show and concert venues help sustain the business year-round. The boom in travel also helps secondary or support businesses such as those in commercial landscaping and maintenance that thrive when those in hospitality do.
The United States, historically one of the world’s leading importers of oil and gas, is on its way to becoming a leading exporter. In a dramatic turnaround that was previously unheard of, the nation is on its way to surpassing Russia and even Saudi Arabia as an exporter of oil. Thanks to the shale oil and gas boom, the dream of independence from foreign oil may finally become a reality.
Small business financing and consumer financing have an overlap with banks and credit unions offering long term loans to each, yet other financing options are often only available to one market but not the other.